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Week Ahead Market Report: 12/17/2012

The first trading day of the trading week opens today with investors weighing an Apple (AAPL) downgrade by Citigroup (C) amidst optimism that fiscal cliff negotiations are about to take a turn for the better. Good morning, this is Kristin Bianco with the Week Ahead Market Report for December 17, 2012.

In overseas trading, Japan’s Nikkei 225 Stock Average was higher by about nine tenths of a percent, the Hang Seng was higher by about 0.4 percent. The FTSE 100 was lower by half of one percent and the German DAX was about even.

On the earnings front, expect to hear from AAR (AIR) on Tuesday, General Mills (GIS) on Wednesday, and Cintas (CTAS) on Thursday.

In economic news, expect to hear data on housing starts on Wednesday, home sales on Thursday, and durable orders on Friday.

Join us on Friday for the Weekly Market Wrap and have a wonderful week.

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